Steel Authority of India Ltd (SAIL) conducted an auction today (10th Mar’21) for 240,000 t dump iron ore fines (Fe 60% grade) from its Bolani mines in Odisha. The company received bids for the entire quantity at INR 2,900-2,920/t excluding Royalty and other taxes. Bids fetched were higher by around INR 410-420/t over the set base price, according to sources report to SteelMint. The Company has raised the base price by INR 150/t against its previous auction held on 22nd Feb’21.
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